Judge Engelmayer has dismissed a $25 billion lawsuit filed by insurance company Starr International against the Federal Reserve Bank of New York over its 2008 bailout of AIG.  Starr, which owned about 12 percent of AIG and is run by former AIG CEO Hank Greenberg, had alleged that the Fed assumed a fiduciary role at AIG by virtue of its actions during the bailout, and then breached its fiduciary duties to AIG’s shareholders.
Continue Reading Starr Lawsuit Against NY Fed Over AIG Bailout Dismissed